Stock Track | Blend Labs Soars on Q3 Earnings Beat and Bullish Outlook

Stock Track11-10

Blend Labs, Inc. (NYSE: BLND) saw its stock skyrocket by 6.98% on November 8th, 2024, fueled by impressive third-quarter financial results and a bullish outlook for the software company.

The company reported Q3 2024 revenue of $45.2 million, up 11% year-over-year, surpassing analyst expectations by 7.7%. Notably, Blend Labs achieved profitability for the first time, posting a net income of $3.36 million and a profit margin of 7.4%. Earnings per share of $0.013 also exceeded analyst estimates.

Blend Labs' management provided an optimistic outlook, forecasting an average annual revenue growth of 19% over the next three years, outpacing the industry average of 12%. This growth projection, coupled with the company's better-than-expected financial performance, boosted investor confidence and drove the stock's surge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1169727814?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-10 23:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169727814","market":"hk","top_or_hot":-1,"title":"Stock Track | Blend Labs Soars on Q3 Earnings Beat and Bullish Outlook","media":"Stock Track","content":"<p>Blend Labs, Inc. (NYSE: BLND) saw its stock skyrocket by 6.98% on November 8th, 2024, fueled by impressive third-quarter financial results and a bullish outlook for the software company.</p>\n\n<p>The company reported Q3 2024 revenue of $45.2 million, up 11% year-over-year, surpassing analyst expectations by 7.7%. Notably, Blend Labs achieved profitability for the first time, posting a net income of $3.36 million and a profit margin of 7.4%. Earnings per share of $0.013 also exceeded analyst estimates.</p>\n\n<p>Blend Labs' management provided an optimistic outlook, forecasting an average annual revenue growth of 19% over the next three years, outpacing the industry average of 12%. This growth projection, coupled with the company's better-than-expected financial performance, boosted investor confidence and drove the stock's surge.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Blend Labs Soars on Q3 Earnings Beat and Bullish Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Blend Labs Soars on Q3 Earnings Beat and Bullish Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-10 23:06 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blend Labs, Inc. (NYSE: BLND) saw its stock skyrocket by 6.98% on November 8th, 2024, fueled by impressive third-quarter financial results and a bullish outlook for the software company.\nThe company ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLND","symbol_name":"Blend Labs, Inc.","start_time":0,"source_url":"","article_id":"1169727814","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169727814","pubTimestamp":1731251181,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Blend Labs, Inc.  saw its stock skyrocket by 6.98% on November 8th, 2024, fueled by impressive third-quarter financial results and a bullish outlook for the software company.The company reported Q3 2024 revenue of $45.2 million, up 11% year-over-year, surpassing analyst expectations by 7.7%. Notably, Blend Labs achieved profitability for the first time, posting a net income of $3.36 million and a profit margin of 7.4%. Earnings per share of $0.013 also exceeded analyst estimates.Blend Labs' mana","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLND":"Blend Labs, Inc."},"translate_title":"股票跟踪Blend Labs因第三季度盈利超出预期和看涨前景而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLND":1},"content_text":"Blend Labs, Inc. (NYSE: BLND) saw its stock skyrocket by 6.98% on November 8th, 2024, fueled by impressive third-quarter financial results and a bullish outlook for the software company.\nThe company reported Q3 2024 revenue of $45.2 million, up 11% year-over-year, surpassing analyst expectations by 7.7%. Notably, Blend Labs achieved profitability for the first time, posting a net income of $3.36 million and a profit margin of 7.4%. Earnings per share of $0.013 also exceeded analyst estimates.\nBlend Labs' management provided an optimistic outlook, forecasting an average annual revenue growth of 19% over the next three years, outpacing the industry average of 12%. This growth projection, coupled with the company's better-than-expected financial performance, boosted investor confidence and drove the stock's surge.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1169727814"}